Hungary - Frozen Fish - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Price in Hungary - 2023
Contents:
- Frozen Fish Price in Hungary (CIF) - 2022
- Frozen Fish Price in Hungary (FOB) - 2022
- Frozen Fish Imports in Hungary
- Frozen Fish Exports in Hungary
Frozen Fish Price in Hungary (CIF) - 2022
The average frozen fish import price stood at $4,273 per ton in 2022, rising by 8.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. The import price peaked at $4,559 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($13,002 per ton), while the price for Vietnam ($2,624 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Price in Hungary (FOB) - 2022
In 2022, the average frozen fish export price amounted to $7,035 per ton, which is down by -1.5% against the previous year. In general, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen fish export price increased by +64.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 67% against the previous year. As a result, the export price reached the peak level of $7,145 per ton, and then reduced in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($14,041 per ton), while the average price for exports to Italy ($3,286 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Fish Imports in Hungary
Frozen fish imports into Hungary stood at 8.4K tons in 2022, increasing by 3.2% against 2021. The total import volume increased at an average annual rate of +8.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 15%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, frozen fish imports stood at $36M in 2022. The total import value increased at an average annual rate of +7.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Frozen Fish in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 5.1 | 4.6 | 5.5 | 6.6 | 9.0% |
| Netherlands | 4.4 | 3.0 | 4.0 | 4.3 | -0.8% |
| Poland | 4.0 | 2.9 | 2.9 | 3.8 | -1.7% |
| Slovakia | 1.9 | 1.6 | 2.8 | 3.1 | 17.7% |
| Denmark | 2.5 | 1.8 | 2.4 | 2.6 | 1.3% |
| Sweden | 0.6 | 0.6 | 2.3 | 2.5 | 60.9% |
| Slovenia | 0.8 | 0.9 | 1.6 | 2.0 | 35.7% |
| Croatia | 1.1 | 1.4 | 1.5 | 1.7 | 15.6% |
| Ukraine | 1.0 | 1.0 | 1.2 | 1.6 | 17.0% |
| Germany | 2.0 | 1.8 | 1.3 | 1.4 | -11.2% |
| Vietnam | 0.5 | 0.9 | 1.3 | 0.9 | 21.6% |
| China | 1.8 | 1.3 | 1.1 | 0.9 | -20.6% |
| Kazakhstan | 0.2 | 0.4 | 0.9 | 0.8 | 58.7% |
| Others | 2.9 | 3.3 | 3.1 | 3.8 | 9.4% |
| Total | 28.7 | 25.3 | 32.0 | 35.9 | 7.7% |
Top Suppliers of Frozen Fish to Hungary in 2022:
- Spain (2434.6 tons)
- Poland (799.2 tons)
- Slovenia (699.5 tons)
- Netherlands (687.8 tons)
- Slovakia (612.8 tons)
- Croatia (572.3 tons)
- Denmark (397.6 tons)
- Ukraine (376.5 tons)
- Vietnam (324.1 tons)
- China (260.7 tons)
- Germany (205.1 tons)
- Sweden (189.7 tons)
- Kazakhstan (144.2 tons)
Frozen Fish Exports in Hungary
In 2022, the amount of frozen fish exported from Hungary surged to 688 tons, with an increase of 71% against the previous year's figure. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 73% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, frozen fish exports skyrocketed to $4.8M in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 189%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Frozen Fish in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 668 | 453 | 554 | 1,142 | 19.6% |
| Slovakia | 474 | 243 | 699 | 1,088 | 31.9% |
| Romania | 50.5 | 52.2 | 648 | 756 | 146.5% |
| Italy | 13.2 | N/A | 0.1 | 517 | 239.6% |
| Croatia | 106 | 26.7 | 517 | 480 | 65.4% |
| Lithuania | 22.6 | 23.7 | 54.8 | 257 | 124.9% |
| Slovenia | 96.3 | 103 | 154 | 206 | 28.8% |
| Serbia | N/A | 47.5 | 42.6 | 203 | 106.7% |
| Netherlands | 171 | 1.0 | 0.9 | 0.8 | -83.3% |
| Others | 21.8 | 45.4 | 209 | 193 | 106.9% |
| Total | 1,624 | 995 | 2,880 | 4,843 | 43.9% |
Top Export Markets for Frozen Fish from Hungary in 2022:
- Italy (157.3 tons)
- Austria (133.6 tons)
- Slovakia (133.4 tons)
- Serbia (56.5 tons)
- Romania (53.9 tons)
- Lithuania (53.2 tons)
- Croatia (48.8 tons)
- Slovenia (34.3 tons)
- Netherlands (0.1 tons)
This report provides an in-depth analysis of the frozen fish market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10201330 - Frozen whole salt water fish
- Prodcom 10201360 - Frozen whole fresh water fish
- Prodcom 10201400 - Frozen fish fillets
- Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
- Prodcom 10201600 - Frozen fish livers and roes
Country coverage:
- Hungary
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hungary
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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